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Stilbene industry is consolidated with market players including
Companies are primarily engaged in strategic acquisitions to expand production capacity and strengthen their existing distribution network.
Archroma is a global leader in specialty chemicals and color and has its headquarters based in Reinach, Switzerland. Archroma acquired BASF’s Stilbene based optical brightening agent business for powder detergent and paper application in December 2019. The acquisition included optical brightening agent technology, portfolio and manufacturing unit. This acquisition of Archroma should boost product application for production of optical brightening and supply capacity of Stilbene which should lead to growth of the stilbene market.